The reason for their wealth is not their outstanding performance in financial business, but their contributions to real business.
The other countries have joined forces to suppress the R-yuan in order to curb the export of real economy products.
Many small businesses go bankrupt, and large enterprises are also struggling. In addition to trying to reduce costs, they are also selling off assets.
They could only struggle on like this.
Mitsui Tozaburo brought good news to Nissan.
There is also a lot of information about Xing Baohua recently, as well as his range of activities.
It is evident that Mitsui Fujisaburo collected a great deal of detailed information about Xing Baohua.
The group arrived at Nissan's headquarters, met with senior executives, and began negotiations behind closed doors.
It took Xing Baohua two days to receive the news from his dedicated service manager at Citibank that a sum of $2 billion had been deposited into his account.
Asking what Xing Baohua's next steps are, in fact, asking Xing Baohua to fill out a form about the source of funds.
If Xing Baohua intends to use the money for consumption or investment, she will be considered a tax resident. The United States also distinguishes between non-tax residents and tax residents.
It is also divided into active income and passive income.
If Xing Baohua simply puts the money in the bank and doesn't move it, the interest it generates will be passive income. Of course, there are also dividends and stock income, which are not subject to tax.
However, if Xing Baohua meets both of the criteria for a foreign national, he will be considered a tax resident.
One is the number of days spent in the country, and the other is having business dealings in the United States.
When Xing Baohua transfers the money, he must explain what he plans to do with the 2 billion yuan.
Whether it's buying a house, investing, or engaging in business partnerships, etc.
Citibank will also provide Xing Baohua with tax avoidance advice.
These superior services eliminate the need for Xing Baohua to seek out specialized tax avoidance agencies.
Xing Baohua said he would acquire some real estate and invest in stocks and futures.
A few months will pass quickly, and Xing Baohua is just waiting for that moment when the price drops.
How could one miss such a once-in-a-lifetime opportunity? If one doesn't want to short the Hang Seng Index, one must find ways to make up for it elsewhere.
The money earned will have to be reinvested in the Hong Kong stock market; I also have two listed companies that I need to protect.
Furthermore, Huahong Bank has also come into play. It needs a large amount of capital to make loans!
Lending can be extremely profitable!
Perhaps we can take this opportunity to invest in some high-quality industries.
Previously, I invested in Japanese real estate; now I need to hurry up and invest in the US dollar index.
Now is not the time to start. Investing in index futures is very risky. You must find a good brokerage firm, one with strong capabilities.
Index futures are the best to trade, but Xing Baohua didn't dare to use high leverage. He didn't know the specific point values, only that it happened on that day.
It takes time to purchase, and even more so, it requires securing a sufficient deposit.
Don't just focus on buying at the highest point; that's too risky. You might end up losing everything.
Upon arriving at the company, the first thing to do was to have the finance department staff analyze the US dollar index. This department has been somewhat panicked lately; Xing Baohua has already transferred all his stocks, so what work do they have left to do?
Everyone was worried about receiving a message that they didn't need to come to work the next day.
They knew they'd be fired sooner or later. After all, working for Xing Baohua wasn't busy, and they could earn extra money in addition to their regular salary.
Nobody wants to leave easily, so whether this department can even continue to exist is still a question.
The news that Xing Baohua had given made all the employees in the finance department very happy. Their jobs were safe.
He is incredibly diligent and hardworking.
Making phone calls, pulling strings, and gathering data on the US dollar index have made this the busiest department in the company.
With the news released, Xing Baohua's next target is the US dollar index.
This is something that ordinary investors cannot do.
After receiving the news, many organizations have also been paying attention to Xing Baohua's movements.
Actually, everyone wanted to take a few bites of his fatty meat.
Unfortunately, the Japanese beat them to it, offering a 4.8% commission rate that made many securities firms and institutions extremely envious.
Some of the foreign institutions we talked to before offered 3% commission, but we didn't use them. What was Xing Baohua thinking, offering 4.8%?
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